South Korea Cocktail Mixers Market Size & Outlook
South Korea cocktail mixers market, 2018-2030 (US$M)
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South Korea cocktail mixers market highlights
- The South Korea cocktail mixers market generated a revenue of USD 159.1 million in 2021 and is expected to reach USD 377.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.1% from 2022 to 2030.
- In terms of segment, tonic water was the largest revenue generating product in 2021.
- Club Soda is the most lucrative product segment registering the fastest growth during the forecast period.
Cocktail mixers market data book summary
| Market revenue in 2021 | USD 159.1 million |
| Market revenue in 2030 | USD 377.9 million |
| Growth rate | 10.1% (CAGR from 2021 to 2030) |
| Largest segment | Tonic water |
| Fastest growing segment | Club Soda |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tonic Water, Club Soda, Ginger |
| Key market players worldwide | Fevertree Drinks PLC, Keurig Dr Pepper Inc, The Coca-Cola Company, Britvic PLC, Coca-Cola Co |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.8% of the global cocktail mixers market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cocktail mixers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 787.7 million by 2030.
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Cocktail Mixers Market Scope
Cocktail Mixers Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea cocktail mixers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cocktail mixers market will help companies and investors design strategic landscapes.
Tonic water was the largest segment with a revenue share of 44.88% in 2023. Horizon Databook has segmented the South Korea cocktail mixers market based on tonic water, club soda, ginger covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, the cocktail mixers market is being shaped by the country’s booming cocktail culture, particularly in trendy urban districts like Seoul’s Gangnam and Itaewon. Younger South Koreans are increasingly exploring cocktails and mixology, both at bars and at home, leading to a growing demand for premium cocktail mixers.
Consumers are drawn to mixers that feature unique and exotic flavors, such as tropical fruits, herbs, and spices, which cater to the evolving preferences of a sophisticated and adventurous consumer base. One of the key trends driving the South Korean cocktail mixers market is the rise of the Korean Wave (Hallyu), which has popularized Korean food and drink culture globally.
This has fueled the demand for mixers that incorporate Korean flavors, such as plum, yuja (yuzu), and green tea, blending traditional Korean tastes with modern cocktail culture. Additionally, South Korean consumers are keen on experimenting with fusion cocktails, mixing local and international flavors, which has spurred innovation in the mixers market.
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Our clientele includes a mix of cocktail mixers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea cocktail mixers market , including forecasts for subscribers. This country databook contains high-level insights into South Korea cocktail mixers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea cocktail mixers market size, by product, 2018-2030 (US$M)
South Korea Cocktail Mixers Market Outlook Share, 2023 & 2030 (US$M)
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